West Oak Capital LLC Purchases 545 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

West Oak Capital LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 990.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 600 shares of the semiconductor company’s stock after purchasing an additional 545 shares during the quarter. West Oak Capital LLC’s holdings in Monolithic Power Systems were worth $32,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MPWR. FMR LLC increased its holdings in shares of Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after purchasing an additional 361,416 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Monolithic Power Systems by 311.8% during the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after acquiring an additional 141,277 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Monolithic Power Systems by 1,947.1% during the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after acquiring an additional 136,391 shares during the last quarter. Geode Capital Management LLC increased its stake in Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock worth $1,230,626,000 after acquiring an additional 133,838 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Monolithic Power Systems by 92,842.9% during the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock worth $114,281,000 after acquiring an additional 123,481 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $591.23 on Friday. The firm has a market capitalization of $28.84 billion, a price-to-earnings ratio of 66.66, a PEG ratio of 2.90 and a beta of 1.03. The stock has a 50 day moving average price of $619.41 and a 200 day moving average price of $784.16. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $1.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.85%. Monolithic Power Systems’s payout ratio is 56.37%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MPWR. Truist Financial reissued a “buy” rating and set a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Needham & Company LLC reduced their price objective on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, TD Cowen dropped their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average target price of $828.67.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 734 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the sale, the chief financial officer now owns 55,944 shares in the company, valued at $42,805,551.60. This represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,600 shares of company stock worth $4,656,631. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.